This rule was published in the August 1, 2014, issue (Vol. 2014, No. 15) of the Utah State Bulletin.
R357. Governor, Economic Development.
R357-7. Utah Capital Investment Board.
(1) The purpose of these rules is to establish the manner
by which the Utah Capital Investment Board (UCIB) conducts its
(1) UCA 63M-1-1206 requires the UCIB to make rules
establishing the manner by which it conducts its
The UCIB conducts its affairs to best meet its objectives
of mobilizing venture equity capital for investment in a manner
that will result in a significant potential to create jobs and to
diversify and stabilize the economy of the state. The UCIB
conducts its affairs in a way to meet these objectives
(1) Making staff available to present potential tax
credit agreements to the UCIB and Utah Capital Investment
Corporation (UCIC) for approval;
(2) Reviewing and approving or denying potential
agreements with financial entities within ninety (90) days of
presentation to the UCIB;
(3) If approved by the UCIB, issuing contingent tax
credit certificates to designated investors for the allocation
and issuance of contingent tax credits;
KEY: economic development, capital investments
Date of Enactment or Last Substantive Amendment: [
January 24, ]2014
Authorizing, and Implemented or Interpreted Law: 63M-1-1206
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull-pdf/2014/b20140801.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.